Budget 2014 – Open For Business

Ireland's budget

With Ireland emerging from its IMF/EU bailout and returning to the debt market, Budget 2014 was delivered on October 15, 2013. It continued the theme of the last few years of tax austerity for individuals, whilst maintaining a clear and unambiguous fiscal proposition for international business conducted in and through Ireland. To implement Budget 2014 and deal with other matters, draft legislation will release upon the publication of the Finance Bill later this month.

As expected, Budget 2014 reaffirms the cornerstone 12.5% corporate tax rate for any trading activity by a corporate in Ireland. With Ireland's EU membership, its active participation in OECD matters including the OECD Base Erosion and Profit-Shifting initiative, automatic exchange of information, FATCA agreement with the USA and its network of 69 double tax treaties, the country remains one of the key EU locations from which to transact and establish investment platforms.